Pay-in-advance credit offers
Companies claim that you have 'pre-qualified' to get a low-interest loan or credit card, or repair your bad credit even though banks have turned you down. But to take advantage of the offer, you have to pay a processing fee of several hundred pounds.
A legitimate pre-qualified offer means you've been selected to apply. You still have to complete an application and you can still be turned down.
Don't pay for a promise. Legitimate lenders never 'guarantee' a card or loan before you apply. They may require that you pay application, appraisal, or credit report fees, but these fees are not usually asked for before the lender is identified and the application is completed. In addition, the fees generally are paid to the lender, not to the broker or person who arranged the 'guaranteed' loan.
